Cardano - ADAUSD strategy, looking for buy area and confirmation

ADABTC*BTCUSDTBittrex

Description

⋅ Dec 7, 2017 10:42 PM

Analysing previous patterns of this coin on 4h interval:

- might became bearish if drop under 40 RSI or might turn short term bullish if cross 43 RSI,

- there is already drawn sphere of inverted cup (and handle), could drop significantly to possible buy area 1&2,

- there is also hidden bullish divergence,

- If cross 70 RSI, than ADA should turn full bull mode on.

Buy area 1 & 2 would be my entry zones, while buy area 3 highlited on RSI (if cross RSI 70) - my major add zone

Trade active

⋅ Dec 15, 2017 7:30 AM

RSI 70 was crossed what means bullish confirmation

Trade active

⋅ Dec 16, 2017 8:37 AM

100 BTC sell walls are being eatean on Bittrex. Volume increasing.

Trade closed: target reached

⋅ Dec 16, 2017 11:10 PM

ALL targets reached

Comments

spacemonkeey

⋅ Dec 7, 2017 10:46 PM

Nice TA!

nedrob

⋅ Dec 7, 2017 11:02 PM

When do you think this BTC crazy train is going to end?

sdzd1234

⋅ Dec 7, 2017 11:08 PM

@nedrob, I suspect that before CME launch Bitcoin futures on 18 dec, there will be "small" correction on BTC, after that it might go for new ATH very fast. Finally I would expect major correction on BTC at the end of december. January was " the month of correction" for BTC past years